Trakm8 Holdings PLC Trakm8 signs new deal with C M Downton Ltd
August 26 2014 - 2:03AM
RNS Non-Regulatory
TIDMTRAK
Trakm8 Holdings PLC
26 August 2014
26 August 2014
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Trakm8 signs new deal with C M Downton Ltd
Trakm8, the AIM-listed designer, developer and manufacturer of
GPRS based hardware and software for the vehicle placement and
security market, is pleased to announce it has signed a new supply
agreement with one of the UK's leading independently owned
logistics firms, CM Downton Ltd.
Downton will purchase the UK manufactured T8 mini, alongside the
Trakm8 branded SWIFT 6 web portal, and Trakm8 Secure. The contract
is for 1,450 units for an initial period of 5 years. However, under
the terms of the contract, a larger share of the revenue will be
realised over the upcoming 12 months.
John Watkins, Executive Chairman of the Trakm8 Group comments:
"We are delighted to welcome Downton as a customer of Trakm8's.
They are a well recognised feature of the United Kingdom's road
network and we are delighted to have been given the opportunity to
work with them to coordinate their Logistics operation. We are
confident that Downton will reap the benefits of our solutions from
the launch and believe this to be the start of a long standing
partnership."
-ends-
For further information please contact:
Trakm8 Holdings plc 01747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications (Financial PR to
Trakm8) 020 3128 8100
Reg Hoare / Vicky Watkins
finnCap (Nomad & Broker to Trakm8) 020 7220 0500
Ed Frisby / Christopher Raggett -
corporate finance
Joanna Weaving - corporate broking
About Trakm8
Trakm8, the M2M telematics company using Big Data analytics to
improve driver behaviour is a leading technology designer,
developer and manufacturer of telematics products and
solutions.
The Group, based in Shaftesbury, Dorset, distributes its
hardware and software through a network of distributors worldwide.
In addition the Group provides vehicle monitoring and tracking
services direct to the B2B market. Trakm8's IP owned products and
services allow vehicles and drivers to be monitored, allowing
organisations to manage deliveries and services, or track stolen
vehicles down to five metres.
Recently Trakm8 have developed the T10 product range, which
includes a self-installed telematics device. The Group's services
also include driver behaviour management solutions that can reduce
fuel consumption by 10% or more, reduce risk of accidents,
logistics routing & scheduling packages, and tachograph data
reporting. The Group's customers include Direct Line Group, Eon, St
Gobain, the AA, Fujitsu and Kubota.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005.
www.trakm8.com
About Downton
Founded in 1955, Downton is one of the UK's leading logistic
firms, owned and ran by the children of the company founder, Conrad
Michael Downton. The company has approximately 1,350 employees and
operates 600 tractor units and 1,800 trailers from 11 distribution
hubs nationwide. Clients include; Dyson, Pets at Home, News
International, UPM-Kymmene Corp, C&C Group, Accolade Wines, AB
InBev UK, Marketforce and Prinovis.
For more information about Downton, visit www.downton.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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